Fresh diplomatic momentum is building around possible talks between the United States and Iran, with both sides signalling cautious openness even as they stop short of confirming direct engagement.
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The Saudi Arabia economy is showing resilience despite a sharp hit to oil production from regional conflict, with a surge in crude prices helping offset the impact, according to a report by Al Rajhi Capital.
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Oil prices surged past the $105 threshold on Friday as an escalating maritime standoff between Iran and the United States in the Strait of Hormuz rattled global energy markets.
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Oil production across the Gulf, sharply curtailed by the Iran conflict, is expected to stage a strong recovery within months once the Strait of Hormuz fully reopens, according to Goldman Sachs, offering a measure of optimism for regional energy markets.
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Businesses and investors in Saudi Arabia and the UAE are holding firm on their medium-term strategies despite the current situation in the Middle East, supported by intraregional supply chain redesign and increased use of AI, says an HSBC study.
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Saudi Power Procurement Company (Principal Buyer) has launched the qualification bid process for the second group of Battery Energy Storage System (BESS) projects. The combined capacity of Group 2 BESS projects is 3000MW for a 4-hour storage duration (12,000 MWh).
Arada has unveiled Jenna, a new upscale residential complex situated in the AED35 billion ($9.53 billion) Aljada mega community in Sharjah.
Hafeet Rail, a joint venture between Etihad Rail, Oman Rail and Mubadala, has announced steady progress on its ambitious Oman-UAE railway project with the work nearing 40% completion. Progress continues at scale, with over 27 million cu m earthworks and 100,000 cu m concrete works already completed.
Emirates NBD, in line with the resilient operating environment in the UAE, reported a profit before tax of AED8.2 billion ($2.23 billion) for the first quarter of 2026, up 6% yoy, driven by strong balance sheet growth, resilient margins and record non-funded income growth.
First Abu Dhabi Bank (FAB), one of the world’s largest financial institutions, said its operating income increased by 6% yoy to AED9.34 billion ($2.54 billion) for the first quarter of 2026, while operating profit rose by 5% yoy to AED7.22 billion ($1.97 billion).
Gulf women continue to strengthen their presence in the development journey of GCC countries, supported by a young population base and growing participation in the labour market, according to a GCC-Stat report.
Saudi Arabia will join the JPMorgan Emerging Market Bond Index (GBI-EM) in 2027, with sovereign bonds expected to reach a 2.52% weighting.
Oil prices extended gains on Thursday after big increases in the previous session amid reports of action against ships by both Iran and the US and stalled peace talks.
In a bold move towards the future, Dubai city has greenlit its most ambitious transport project yet: the all-new Gold Line of the Metro. Spanning 42 km with 18 stations, this fully underground network is set to reshape how the emirate moves when it rolls out in 2032.
Perma-Pipe International, a global leader in pre-insulated piping and leak detection systems for oil and gas sector, has secured contracts for district heating and cooling projects in UAE and Saudi Arabia, thus strengthening its position in the region as demand rises for energy-efficient infrastructure.
Saudi Arabia's Ministry of Investment has signed an investment agreement with SATORP to develop the "Amiral" project, a joint venture between Saudi Aramco and TotalEnergies.
Kuwaiti low-cost carrier Jazeera Airways has announced plans to launch flights to 10 new destinations from T5 terminal at Kuwait International Airport. New direct destinations from T5 include Jeddah, Riyadh and Damascus as well as Amman, Beirut, Mumbai, Cairo, Kochi, Delhi and Istanbul.
Egyptian authorities have announced plans for the establishment of a regional grain hub in Suez Canal Zone. Preparations are under way for a detailed feasibility study covering technical, economic, and logistical aspects ahead of implementation, said a report.
Businesses and investors in Saudi Arabia and the UAE are holding firm on their medium-term strategies despite the current situation in the Middle East, supported by intraregional supply chain redesign and increased use of AI, says an HSBC study.
Vision Hospitality will launch a 45,000 sq ft multi-concept dining and entertainment destination at Reem Mall, Abu Dhabi, featuring McGettigan’s and a live sports Fan Zone, marking a major regional expansion.
The Emirates Drug Establishment (EDE) has announced the country’s first fully AI-discovered and developed drug candidate by a research team at Insilico Medicine.
Qatar's Public Works Authority (Ashghal) has announced that over 90% work is now complete at Sidra - Education City project and is on track for opening by year-end. Spanning 74,000 sq m, the key educational facility features a main two-storey building with classrooms and multi-purpose halls.
Dubai’s retail and warehouse sectors demonstrated resilience and growth in 2025, backed by strong fundamentals including record tourism, population boom and e-commerce activity. Both sectors, however, faced tightening supply conditions that shaped market dynamics throughout the year, said a report.
Dubai Investments has announced the distribution of a 25% cash dividend (AED0.25 per share) for the financial year ended 31 December 2025, following shareholder approval at the Company’s 30th Annual General Meeting (AGM) held on Thursday.
Dubai Integrated Economic Zones Authority has entered into an agreement with Dutch group Volt for setting up an AI-ready data centre facility in Dubai Silicon Oasis. Under this, DIEZ will provide land and core infrastructure, while Volt UAE will be responsible for the development, finance and lead construction of these facilities.
Formula 1 today announced that the Turkish Grand Prix will return to the FIA Formula One World Championship from 2027, with Istanbul Park confirmed on the calendar through the 2031 season following a new agreement with Türkiye’s Ministry of Youth and Sports.
Saudi Arabia's General Entertainment Authority and Riyadh Season, under the leadership of Turki Alalshikh, in cooperation with WWE, today announced that Night of Champions will return to Kingdom Arena in Riyadh on Saturday, June 27, 2026.
Fresh diplomatic momentum is building around possible talks between the United States and Iran, with both sides signalling cautious openness even as they stop short of confirming direct engagement.
